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Friday, April 3, 2020
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CATEGORY

FINANCE

British banks suspend dividends to save money for coronavirus fight

Britain’s biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the...

Microsoft ploughs ahead in cloud business growth

Microsoft has reported another solid quarterly report card to Wall Street, as it ploughs ahead in selling its cloud computing services to big businesses...

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...

Goldman Sachs profit falls 24% as legal expenses mar results

Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its...

Shareholders lose multimillion-pound legal battle against Lloyds

Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...

Jingye set to save British Steel plant, and 4,000 jobs

A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled plant in Scunthorpe in...

Barclays posts higher profits despite £1.4bn PPI charge

Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...

RBS swings to a loss after £900m PPI hit

Royal Bank of Scotland has tumbled to a loss in the third quarter after taking a £900 million hit for payment protection insurance (PPI) claims. The...

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...

Belgian prosecutors settle with HSBC in tax-dodging case

Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...

Latest news

Virus deaths and unemployment accelerate across Europe and US as cases pass 1m

Coronavirus deaths have mounted with alarming speed in Spain, Italy and New York, the most lethal hotspot in the United States, as figures show...

US moves to promote broader use of face masks to combat coronavirus spread

The US Government is formalising new guidance to recommend that many Americans wear face coverings in an effort to slow the spread of the...

Rapper Tekashi 6ix9ine released from US prison as coronavirus precaution

US rapper Tekashi 6ix9ine has been freed from a New York prison because his asthma puts him in danger of catching coronavirus, authorities have...

Putin orders most Russians to stay off work until end of April

President Vladimir Putin has ordered most Russians to stay off work until the end of the month to curb the spread of the coronavirus. Speaking...

‘Quarantine Radio’ is in full effect

Quarantine! Quarantine! Quarantine! This global lockdown has created a lot of boredom for many, but some are finding new ways to be creative using the...
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